Written Commentary
LIVESTOCK AM OUTLOOK
The milder than normal winter aren’t setting cattle back, but weights are heavier than average because Midwest feedlots are keeping cattle too long. They aren’t replacing them so they keep them longer and are hoping cattle will move higher.
Chinese New Year is the first week of February. Compared to a year ago their pork buying has been erratic and less compared to strong steady buying a year ago. Unless something changes in the building of their hog herd, don’t expect to see the big purchases of 2020.
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